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10 Worst Corporations of 2008

added: 30-12-2008

Multinational Monitor magazine has released its annual list of the 10 worst corporations of the year. The companies on the list are: AIG, Cargill, Chevron, Constellation Energy, CNPC, Dole, General Electric, Imperial Sugar, Philip Morris International and Roche.

Mortgage Rates Down Again After Rising Above 5.00 Percent Last Week

added: 30-12-2008

Mortgage rates increased slightly last week for the first time since early November. The weekly average rates for 30-year fixed mortgages increased to 5.07 percent, up from 4.96 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com(R).

Turnaround Pros Put Job Creation, Tax Cuts, and Unfreezing Credit at Top of New Administration's "To-Do List"

added: 30-12-2008

The most critical task for the Obama administration, according to members of the Turnaround Management Association responding to an annual forecast poll, is to take steps that will overcome consumer fear and credit paralysis.

The Conference Board Finds Changes Underway in CEO Compensation

added: 29-12-2008

While the recent catastrophic events in the U.S. financial markets will most certainly dramatically affect CEO compensation reported in 2009, The Conference Board Top Executive Compensation report shows that changes are already underway.

Canadians Are Warming Up to Online Shopping

added: 28-12-2008

In 2007, Canadian retailers sold C$13.8 billion ($12.9 billion) of consumer products and travel bookings online. But by 2012 eMarketer projects that Canadian business-to-consumer (B2C) e-commerce sales will reach C$22.8 billion ($22.2 billion).

"Green" Investing Remains Priority Despite Economic Conditions, According to SunTrust Survey of Wealthy Business Owners

added: 28-12-2008

Even while citing a down economy and concerns about the earth's ecosystem, business owners continue to be optimistic about giving to environmental causes, according to a survey released by SunTrust Bank Private Wealth Management.

Mobile Social Networking Climbs

added: 27-12-2008

Although the base of mobile social network users in the US is currently small, it is growing quickly. The percentage of mobile phone users who said they accessed social networks from their handset jumped 182% from September 2007 to October 2008, according to a study conducted by The Kelsey Group and ConStat.

Restaurant Industry Expected to Post Modest Sales Growth in 2009 as it Copes with the Weakest Economy in Decades

added: 27-12-2008

Restaurant industry sales are expected to reach $566 billion in 2009, with the industry employing 13 million individuals in 945,000 restaurant-and-foodservice outlets nationwide, according to the National Restaurant Association's 2009 Restaurant Industry Forecast.

Fitch: U.S. Finance and Leasing Outlook 2009

added: 26-12-2008

In a recently published report, Fitch Ratings says the 2009 outlook for the U.S. Finance and Leasing sector remains negative and incorporates negative rating outlooks for both the consumer and the commercial finance segments. Fitch expects companies within the sector will face difficult business conditions and operating performance will weaken further in 2009. The risks of market illiquidity will continue to cast a broad negative shadow until capital market conditions stabilize and companies are able to raise debt and equity capital on a cost effective basis.

CFOs See Sweeping Business Cuts to Continue Into 2009

added: 26-12-2008

As CFOs of American companies reflect on the past year and look toward 2009, they reveal their confidence in the nation's economy and their own businesses is alarmingly low, and also acknowledge the increased responsibility and pressures associated with their role as CFO. As a result, significant cutbacks have been, and will continue to be, necessary across the board, according to the most recent survey of CFOs conducted by Financial Executives International (FEI) and Baruch College's Zicklin School of Business.

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